(The Associated Press reported the following on July 17.)
JACKSONVILLE, Fla. — Railroad operator CSX Corp. said Tuesday second-quarter earnings fell almost 17 percent from a year earlier, when the company saw a gain from insurance recoveries related to Hurricane Katrina.
Net income declined to $324 million, or 71 cents a share, from $390 million, or 83 cents a share, a year earlier, the company said.
Revenue rose almost 5 percent to a record $2.5 billion in the quarter from a year earlier, CSX said.
CSX stock dropped 7 cents to $48.45 in after hours trading. Shares had fallen 23 cents in regular trade.